Is Wabtec financially healthy?

On 30 September 2026 Wabtec held 489.00M USD in cash and short-term investments against total debt of 6.77B USD. Its current ratio is 1.10: what falls due within a year against what turns into cash within a year. Over the last twelve months it generated 1.78B USD of free cash flow.

Wabtec's revenue grew 8.1% a year over its last five fiscal years, from 7.56B USD in fiscal year 2020 to 11.17B USD in fiscal year 2025. Over the last twelve months it was up 13.2% on the twelve months before.

Where can I find Wabtec's annual report (10-K)?

Wabtec files its annual report (Form 10-K) and its quarterly reports (Form 10-Q) with the US Securities and Exchange Commission, on its EDGAR site; the figures on these pages come from them.

Wabtec
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WAB

Arincen ScoreBeta83/100

83/100B

304.16

USD

0.53

(0.17%)

Pre Open

Fair value256.38Plus+19%199Price 304.16331

Q4 FY2026 · Earnings report

EPS estimate 2.67Revenue estimate 3.23B

Q4 FY2026 · Earnings report

Wednesday 10 February

EPS estimate 2.67Revenue estimate 3.23B

Fair value256.38Plus+19%199Price 304.16331

Q4 FY2026 · Earnings report

EPS estimate 2.67Revenue estimate 3.23B

Q4 FY2026 · Earnings report

Wednesday 10 February

EPS estimate 2.67Revenue estimate 3.23B

Overview Financials Forecast Earnings Dividends Company

Wabtec financials

Yes. Wabtec earned 1.37B USD of net income over the last twelve months, 11.2% of its revenue. It made a profit in 32 of its 33 fiscal years since 1993. Its last loss was in fiscal year 2002.

Revenue (TTM)What does TTM (trailing twelve months) mean? TTM (trailing twelve months) is a figure over the latest twelve months of reports: usually the last four quarters added together.: 12.21B USD
Net income (TTM)What is an income statement? The income statement shows a company's revenue, costs and profit over a quarter or a year, from sales at the top to net income at the bottom.: 1.37B USD
Free cash flow (TTM)What is free cash flow (FCF)? Free cash flow is the cash a company's operations bring in minus what it spends on long-term assets (capex): cash left for debt, dividends and buybacks.: 1.78B USD
Cash and short-term investments: 489.00M USD
Total debt: 6.77B USD
Shareholders' equityWhat is a balance sheet? The balance sheet lists what a company owns (assets), what it owes (liabilities) and what is left for its shareholders (equity) on one date.: 11.36B USD

Cash, debt and equity as of 30 Sept 2026.

Wabtec earnings

Next earnings · Q4 FY2026

10 Feb 2027

EPS estimate

2.67 USD

Revenue estimate

3.23B USD

Last quarter · Q3 FY2026

EPS2.83Beat +3.7%Revenue3.12BMissed -2.5%

Revenue

ReportedEstimate

EPS

ReportedEstimate

Period	Report date	EPS estimate	Reported EPS	Surprise	EPS growth	Revenue estimate	Reported revenue	Surprise	Revenue growth
Q2 FY2028	—	3.56	—	—	—	3.59B	—	—	—
Q1 FY2028	—	3.31	—	—	+14.45%	3.35B	—	—	+5.54%
Q1 FY2027	—	2.89	—	—	+6.68%	3.18B	—	—	+7.68%
Q4 FY2026	10 Feb 2027	2.67	—	—	+27.14%	3.23B	—	—	+9.06%
Q3 FY2026	21 Oct 2026	2.73	2.83	+3.66%	+21.98%	3.20B	3.12B	-2.45%	+8.11%
Q2 FY2026	22 Jul 2026	2.60	2.76	+6.15%	+40.82%	3.07B	3.18B	+3.42%	+17.48%
Q1 FY2026	22 Apr 2026	2.51	2.71	+7.97%	+18.86%	2.96B	2.95B	-0.45%	+13.03%
Q4 FY2025	11 Feb 2026	2.08	2.10	+0.96%	+25.00%	2.87B	2.97B	+3.49%	+14.79%
Q3 FY2025	22 Oct 2025	2.28	2.32	+1.75%	+16.00%	2.88B	2.89B	+0.18%	+8.37%
Q2 FY2025	24 Jul 2025	2.17	1.96	-9.68%	0.00%	2.77B	2.71B	-2.29%	+2.34%

Period	EPS estimate	Reported EPS	Surprise	EPS growth	Revenue estimate	Reported revenue	Surprise	Revenue growth
FY2028	14.23	—	—	+13.15%	14.18B	—	—	+6.19%
FY2027	12.58	—	—	+14.43%	13.36B	—	—	+6.90%
FY2026	10.99	—	—	+26.92%	12.50B	—	—	+11.90%
FY2025	8.97	8.66	-3.42%	+15.01%	11.07B	11.17B	+0.92%	+7.51%
FY2024	7.62	7.53	-1.14%	+26.98%	10.42B	10.39B	-0.27%	+7.34%
FY2023	5.97	5.93	-0.65%	+21.52%	9.62B	9.68B	+0.56%	-32.88%
FY2022	4.86	4.88	+0.44%	+14.29%	8.27B	14.42B	+74.43%	+84.32%

Wabtec growth and profitability

Full income statement

Revenue (TTM)What does TTM (trailing twelve months) mean? TTM (trailing twelve months) is a figure over the latest twelve months of reports: usually the last four quarters added together.: 12.21B USD
Net income (TTM)What is an income statement? The income statement shows a company's revenue, costs and profit over a quarter or a year, from sales at the top to net income at the bottom.: 1.37B USD
Gross marginWhat are gross, operating and net profit margins? A profit margin is the share of revenue kept as profit: gross margin after the cost of sales, operating margin after running costs, net margin after all costs.: 35.00%
Operating margin: 17.18%
Net margin: 11.20%

Revenue / Net income

Revenue Net income Net margin

Period	Revenue	Growth	Net income	Growth	Gross margin	Operating margin	Net margin	EBITDA	Growth
FY2025	11.17B	+7.51%	1.17B	+10.80%	31.48%	16.06%	10.48%	2.27B	+9.86%
FY2024	10.39B	+7.34%	1.06B	+29.57%	32.41%	15.49%	10.17%	2.07B	+15.84%
FY2023	9.68B	+15.73%	815.00M	+28.75%	30.42%	13.08%	8.42%	1.79B	+21.90%
FY2022	8.36B	+6.90%	633.00M	+13.44%	30.38%	12.09%	7.57%	1.47B	+8.19%
FY2021	7.82B	+3.52%	558.00M	+34.78%	30.29%	11.20%	7.13%	1.36B	+18.76%

Period	Revenue	Net income	Gross margin	Operating margin	Net margin
Q3 FY2026	3.12B	409.00M	37.31%	20.03%	13.11%
Q2 FY2026	3.18B	395.00M	36.52%	18.87%	12.43%
Q1 FY2026	2.95B	362.00M	35.97%	17.53%	12.27%
Q4 FY2025	2.97B	202.00M	29.98%	12.01%	6.81%
Q3 FY2025	2.89B	310.00M	34.72%	17.01%	10.74%

How Wabtec makes its moneyWhat is an income statement? The income statement shows a company's revenue, costs and profit over a quarter or a year, from sales at the top to net income at the bottom.

Freight8.04B 72.0%

Transit3.13B 28.0%

Revenue11.17B 100.0%

Cost of revenue7.65B 68.5%

Gross profit3.52B 31.5%

Research and development223.00M 2.0%

Selling and administration1.42B 12.7%

Other operating expenses76.00M 0.7%

Operating income1.79B 16.1%

Tax409.00M 3.7%

Other expense214.00M 1.9%

Net income1.17B 10.5%

FY2025, in USD. Each band is as wide as its money; the percentage is its share of revenue.

Wabtec revenue breakdown

By product

FY2025

72.0%Freight28.0%Transit

Segment	Revenue	Share of revenue	Change on the year
Freight	8.04B	72.0%	+7.6%
Transit	3.13B	28.0%	+7.3%

By region

FY2025

49.5%United States6.4%India6.1%Other Europe5.1%Canada4.7%South America4.2%Australia and New Zealand4.0%Kazakhstan, Russia and CIS3.9%France3.5%Germany2.9%United Kingdom2.8%Other Asia and Middle East2.7%China2.5%Mexico1.7%Italy

Region	Revenue	Share of revenue	Change on the year
United States	5.37B	49.5%	+9.0%
India	699.00M	6.4%	+20.7%
Other Europe	663.00M	6.1%	+8.3%
Canada	555.00M	5.1%	-9.9%
South America	513.00M	4.7%	+15.3%
Australia and New Zealand	453.00M	4.2%	-5.8%
Kazakhstan, Russia and CIS	431.00M	4.0%	-22.9%
France	419.00M	3.9%	+13.6%
Germany	379.00M	3.5%	+2.2%
United Kingdom	313.00M	2.9%	+5.7%
Other Asia and Middle East	300.00M	2.8%	+16.3%
China	297.00M	2.7%	+22.7%
Mexico	270.00M	2.5%	-1.8%
Italy	182.00M	1.7%	+9.6%

Operating and free cash flow

Full cash flow statement

Operating cash flow Free cash flow

Fiscal year	Operating cash flow	Free cash flow
FY2025	1.76B	1.50B
FY2024	1.83B	1.63B
FY2023	1.20B	1.02B
FY2022	1.04B	889.00M
FY2021	1.07B	943.00M
FY2020	783.70M	647.30M
FY2019	1.02B	830.20M
FY2018	314.67M	221.37M
FY2017	188.81M	99.35M
FY2016	449.31M	399.09M

Wabtec financial health

Full balance sheet

Cash and short-term investments: 489.00M USD
Total debt: 6.77B USD
Net cash: -6.29B USD
Free cash flow (TTM)What is free cash flow (FCF)? Free cash flow is the cash a company's operations bring in minus what it spends on long-term assets (capex): cash left for debt, dividends and buybacks.: 1.78B USD
Current ratioWhat is the current ratio? The current ratio is current assets divided by current liabilities: whether what a company will turn into cash within a year covers what it owes within a year.: 1.10
Debt to equityWhat is the debt to equity ratio? Debt to equity is a company's total debt divided by its shareholders' equity: how much it has borrowed for each dollar its owners have in the business.: 0.60
Piotroski scoreWhat is the Piotroski F-Score? The Piotroski F-Score rates a company's financial strength from 0 to 9: one point for each of nine tests of profit, debt and efficiency it passes.: 7 / 9
Altman Z-scoreWhat is the Altman Z-Score? The Altman Z-Score rolls five financial ratios into one number that signals a company's risk of bankruptcy: over 3 is safe, under 1.8 is distress.: 3.57

Cash, debt and free cash flow

Cash and short-term investments Total debt Free cash flow

Fiscal year	Cash and short-term investments	Total debt	Free cash flow
FY2025	789.00M	5.54B	1.50B
FY2024	706.00M	3.98B	1.63B
FY2023	620.00M	4.07B	1.02B
FY2022	541.00M	4.00B	889.00M
FY2021	473.00M	4.06B	943.00M

Assets, liabilities and equity

Total assets Total liabilities Shareholders' equity

Fiscal year	Total assets	Total liabilities	Shareholders' equity
FY2025	22.07B	10.88B	11.14B
FY2024	18.70B	8.57B	10.09B
FY2023	18.99B	8.46B	10.49B
FY2022	18.52B	8.37B	10.10B
FY2021	18.45B	8.22B	10.20B
FY2020	18.45B	8.30B	10.12B
FY2019	18.89B	8.95B	9.96B
FY2018	8.65B	5.78B	2.87B
FY2017	6.58B	3.75B	2.81B
FY2016	6.58B	3.60B	2.21B

Wabtec valuation

Price to earnings ratio (TTM)What is the P/E ratio? The P/E ratio divides a share's price by its earnings per share over the last year: what you pay for each dollar of profit.: 37.69
Forward P/E (FY2026)What is the forward P/E ratio? Forward P/E divides a share's price by the earnings per share analysts expect in the coming year, rather than last year's actual earnings.: 27.67
Price to sales (TTM)What is the P/S ratio? The price-to-sales ratio compares a company's market value with its revenue over the last year: what you pay for each dollar of sales.: 4.18
Price to bookWhat is the P/B ratio? The price-to-book ratio compares a company's market value with its book value, the shareholders' equity on its balance sheet.: 4.49
EV / EBITDA (TTM)What is EV/EBITDA? EV/EBITDA compares a company's whole value, debt included and cash taken off, with a year of its earnings before interest, tax and depreciation.: 22.95

Capital structureWhat is enterprise value? Enterprise value is what the whole business costs: the market value of its shares plus its debt minus its cash. It is the price behind EV/EBITDA.

Market capitalization

51.04B USD

Total debt

6.77B USD

−

Cash and short-term investments

489.00M USD

Enterprise value

57.32B USD

Valuation over time

P/EForward P/EForward P/E · EstimateEstimate

Fiscal year	P/E	Forward P/E	P/S	P/B	EV/EBITDA
FY2028 (est.)	21.37	—	—	—	—
FY2027 (est.)	24.18	21.37	—	—	—
FY2026 (est.)	27.67	24.18	—	—	—
Now (TTM)	37.69	24.60	4.18	4.49	22.95
FY2025	31.12	19.41	3.26	3.27	18.09
FY2024	31.34	21.14	3.18	3.27	17.53
FY2023	27.83	16.68	2.34	2.16	14.63
FY2022	28.76	16.73	2.17	1.80	14.77
FY2021	31.12	18.96	2.21	1.69	15.41

Wabtec against its own historyWhat does "against its own history" show? The company's latest margins, return on equity, growth, debt and P/E against its own last 5 years: the low, the median and the high, and whether this year is better or worse than usual.

Each figure in the latest fiscal year against the same figure from FY2021 to FY2025: the range, its median (the line) and the latest (the dot, green on the good side of the median). The P/E is today's against its daily readings of five years.

Its peers: Norfolk Southern, CSX, and Union Pacific, the US Railroads companies closest to it in size, each in its own latest fiscal year: their median (the line) and its rank among them, first being the best.

P/E (today)Above its median37.7
23.541.0
Gross marginAbove its median31.5%
30.3%32.4%
Against its peers: 4 of 4Peers' median 42.4%
Operating marginHighest in 5 years16.1%
11.2%16.1%
Against its peers: 4 of 4Peers' median 32.9%
Net marginHighest in 5 years10.5%
7.1%10.5%
Against its peers: 4 of 4Peers' median 23.6%
Return on equityHighest in 5 years10.5%
5.5%10.5%
Against its peers: 4 of 4Peers' median 22.0%
Free cash flow marginAbove its median13.4%
10.5%15.7%
Against its peers: 3 of 4Peers' median 17.7%
Revenue growthAbove its median7.5%
3.5%15.7%
Against its peers: 1 of 4Peers' median 0.5%
EPS growthLowest in 5 years13.1%
13.1%36.4%
Against its peers: 1 of 4Peers' median 7.9%
Debt to EBITDAAt its median2.44×
1.92×2.99×
Against its peers: 1 of 4Peers' median 2.92×
Current ratioLowest in 5 years1.11
1.111.32
Against its peers: 1 of 4Peers' median 0.85

Figure	FY2025	5-year low – high	Against its history	Against its peers
P/E (today)	37.7	23.541.0	Above its median	—
Gross margin	31.5%	30.3%32.4%	Above its median	4 of 4
Operating margin	16.1%	11.2%16.1%	Highest in 5 years	4 of 4
Net margin	10.5%	7.1%10.5%	Highest in 5 years	4 of 4
Return on equity	10.5%	5.5%10.5%	Highest in 5 years	4 of 4
Free cash flow margin	13.4%	10.5%15.7%	Above its median	3 of 4
Revenue growth	7.5%	3.5%15.7%	Above its median	1 of 4
EPS growth	13.1%	13.1%36.4%	Lowest in 5 years	1 of 4
Debt to EBITDA	2.44×	1.92×2.99×	At its median	1 of 4
Current ratio	1.11	1.111.32	Lowest in 5 years	1 of 4

Peers: US companies of the same industry (of its sector when the industry has too few) from a tenth to ten times its market value, the six closest in size. Updated weekly.

Wabtec dividends

Annual dividend: 1.24 USD
Dividend yield (indicated)What is dividend yield? Dividend yield is a year of dividends as a percentage of the share price: the income a shareholder receives for each dollar invested at today's price.: 0.41%
Payout ratioWhat is the payout ratio? The payout ratio is the share of a company's earnings paid out as dividends: dividends per share divided by earnings per share (EPS).: 15.37%
Years of dividend growthWhat are years of dividend growth? The years in a row a company has raised its dividend per share. 25 years make an S&P 500 company a Dividend Aristocrat; 50 make a Dividend King.: 5
Frequency: Quarterly
Next payment: 0.31 USD
Next ex-dividend dateWhat is the ex-dividend date? The ex-dividend date is the first day a stock trades without its next dividend: buy before it to receive the payment; buy on or after it and the seller gets it.: 17 Nov 2026
Next payment date: 1 Dec 2026

Dividends per share

Year	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
Dividends per share	1.00	0.80	0.68	0.60	0.48	0.48	0.48	0.48	0.44	0.36

Wabtec ownership

InstitutionsWhat is institutional ownership? Institutional ownership is the share of a company's stock held by funds, banks and other investment managers, as they report it each quarter on Form 13F.: 93.11%
Institutional holders: 1,212 (+29)
Free floatWhat is free float? Free float is the part of a company's shares that anyone can buy and sell: all its shares minus those held by insiders, founders and owners of over 5%.: 99.29%

Who owns the shares

Institutions 93.1% Others 6.9%

As of 30 Jun 2026

Shares free to trade

Free float 166.62M shares ·99.3% Closely held 1.18M shares ·0.7%

Closely held shares belong to insiders, founders and owners of more than 5%, and seldom change hands. The free float is the rest: the shares anyone can buy and sell.

Insider trading

Quarter	Sales	Shares acquired	Shares disposed of
Q4 2026	20	0.00	4.35K
Q3 2026	35	2.19K	25.06K
Q2 2026	24	9.08K	76.54K
Q1 2026	41	312.29K	188.75K

Shares outstanding

Basic shares Diluted shares Change in diluted shares

Fiscal year	Basic shares	Diluted shares	Change in diluted shares
FY2025	170.50M	171.10M	-2.12%
FY2024	174.10M	174.80M	-2.62%
FY2023	178.80M	179.50M	-1.81%
FY2022	182.20M	182.80M	-2.82%
FY2021	187.70M	188.10M	-1.21%

Common questions about Wabtec's financials

Source: Financial Modeling Prep

Wabtec
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WAB

Wabtec financials

Wabtec earnings

Revenue

EPS

Wabtec growth and profitability

Revenue / Net income

How Wabtec makes its moneyWhat is an income statement? The income statement shows a company's revenue, costs and profit over a quarter or a year, from sales at the top to net income at the bottom.

Wabtec revenue breakdown

By product

By region

Operating and free cash flow

Wabtec financial health

Cash, debt and free cash flow

Assets, liabilities and equity

Wabtec valuation

Capital structureWhat is enterprise value? Enterprise value is what the whole business costs: the market value of its shares plus its debt minus its cash. It is the price behind EV/EBITDA.

Valuation over time

Wabtec against its own historyWhat does "against its own history" show? The company's latest margins, return on equity, growth, debt and P/E against its own last 5 years: the low, the median and the high, and whether this year is better or worse than usual.

Wabtec dividends

Dividends per share

Wabtec ownership

Who owns the shares

Shares free to trade

Insider trading

Shares outstanding

Common questions about Wabtec's financials

Is Wabtec profitable?

Is Wabtec financially healthy?

Is Wabtec growing?

Where can I find Wabtec's annual report (10-K)?

Need help?

Wabtec DQuotes are delayed by 15 minutes

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Wabtec financials

Wabtec earnings

Revenue

EPS

Wabtec growth and profitability

Revenue / Net income

How Wabtec makes its moneyWhat is an income statement? The income statement shows a company's revenue, costs and profit over a quarter or a year, from sales at the top to net income at the bottom.

Wabtec revenue breakdown

By product

By region

Operating and free cash flow

Wabtec financial health

Cash, debt and free cash flow

Assets, liabilities and equity

Wabtec valuation

Capital structureWhat is enterprise value? Enterprise value is what the whole business costs: the market value of its shares plus its debt minus its cash. It is the price behind EV/EBITDA.

Valuation over time

Wabtec against its own historyWhat does "against its own history" show? The company's latest margins, return on equity, growth, debt and P/E against its own last 5 years: the low, the median and the high, and whether this year is better or worse than usual.

Wabtec dividends

Dividends per share

Wabtec ownership

Who owns the shares

Shares free to trade

Insider trading

Shares outstanding

Common questions about Wabtec's financials

Is Wabtec profitable?

Is Wabtec financially healthy?

Is Wabtec growing?

Where can I find Wabtec's annual report (10-K)?

Need help?

Wabtec
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